Zimbabwe: Debunking Misinformation and Disinformation – What the RBZ Is Saying About ZiG

On 5 April 2024, the Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mushayavanhu, announced the Zimbabwe Gold (ZiG) as the new currency to replace the inflation-battered Zimbabwe Dollar (ZWL).

Prior to the Monetary Policy Statement on 5 April that introduced the new currency, there was a barrage of information, some untrue, that hinted at what was to come. The flurry of information multiplied after the official announcement.

The introduction of ZiG has shaken normal transacting for the public…